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Grupo Cibest Records 2 Trillion Colombian Pesos in Q3 Net Profit and Completes Nequi Spin-off

The Motley Fool +1 · ·by G4L

CIB
CIB Grupo Cibest SA ADR
$91.15 -3.96%
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  1. 1Grupo Cibest recorded a net profit of 2 trillion Colombian pesos for the quarter.
  2. 2Nequi completed its spin-off as an independent commercial financial company on September 1, with 29 million customers.
  3. 3Grupo Cibest raised its annual loan growth guidance to a range of 8% to 9%.

So what's the key point?

Grupo Cibest earned 2 trillion Colombian pesos in profit during the third quarter and separated Nequi into a standalone company. The company is looking to expand its business by raising its loan growth target to 9%.

Source The Motley Fool +1 · View original ↗

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